MillerKnoll, Inc. $MLKN Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp decreased its stake in MillerKnoll, Inc. by 4.2%, owning 778,434 shares valued at approximately $14.9 million.
• MillerKnoll's stock is currently rated as a "Hold" by several analysts, with recent upgrades from Zacks Research and Wall Street Zen.
• The company recently announced a quarterly dividend of $0.1875 per share, representing a yield of 3.6%, despite a negative payout ratio.

Northern Trust Corp decreased its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 778,434 shares of the company's stock after selling 34,115 shares during the quarter. Northern Trust Corp owned 1.15% of MillerKnoll worth $14,899,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MLKN. Raymond James Financial Inc. acquired a new position in shares of MillerKnoll in the 4th quarter worth approximately $773,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of MillerKnoll by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,048 shares of the company's stock worth $1,515,000 after purchasing an additional 4,697 shares during the last quarter. AXA S.A. lifted its holdings in shares of MillerKnoll by 71.4% in the 4th quarter. AXA S.A. now owns 200,269 shares of the company's stock worth $4,524,000 after purchasing an additional 83,427 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of MillerKnoll by 82.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 81,769 shares of the company's stock worth $1,847,000 after purchasing an additional 36,907 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of MillerKnoll in the 4th quarter worth approximately $237,000. Institutional investors and hedge funds own 87.50% of the company's stock.

Wall Street Analysts Forecast Growth

MLKN has been the topic of several recent research reports. Zacks Research raised MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Benchmark raised MillerKnoll to a "hold" rating in a report on Friday, June 27th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

MillerKnoll Stock Down 0.6%

Shares of MillerKnoll stock opened at $20.61 on Thursday. The business's fifty day moving average price is $20.45 and its two-hundred day moving average price is $18.89. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.94. The company has a market capitalization of $1.40 billion, a P/E ratio of -36.80, a PEG ratio of 0.97 and a beta of 1.25. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $28.69.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.16. The firm had revenue of $961.80 million for the quarter, compared to the consensus estimate of $913.80 million. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. As a group, research analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 annualized dividend and a yield of 3.6%. MillerKnoll's payout ratio is presently -133.93%.

MillerKnoll Company Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.

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